The Statement of Profit or Loss Shows Interest Revenue for the Year

Multiple Choice

The statement of profit or loss shows interest revenue for the year of $12 000 and the balance sheet show interest receivable at the beginning of the year of $5 000 and at the end of the year of $8 000. The amount of interest received in cash for the year is:

A) $13 000
B) $17 000
C) $9 000
D) $12 000